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MULTIPLE PROPOSALS MUDAJAYA GROUP BERHAD ("MUDAJAYA" OR THE "COMPANY") I. PROPOSED RIGHTS ISSUE WITH WARRANTS; AND II. PROPOSED EXEMPTION (COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

MUDAJAYA GROUP BERHAD

Type Announcement
Subject MULTIPLE PROPOSALS
Description
MUDAJAYA GROUP BERHAD ("MUDAJAYA" OR THE "COMPANY")

I.	PROPOSED RIGHTS ISSUE WITH WARRANTS; AND

II.	PROPOSED EXEMPTION

(COLLECTIVELY REFERRED TO AS THE "PROPOSALS")

The terms used herein, unless the context otherwise stated, bear the same meaning as those defined in the earlier announcements in relation to the Proposals.

We refer to the earlier announcements dated 24 March 2021 and 14 April 2021 in relation to the Proposals.

On behalf of the Board, UOB Kay Hian Securities (M) Sdn Bhd ("UOBKH") wishes to announce that Bursa Malaysia Securities Berhad ("Bursa Securities") had, via its letter dated 4 May 2021, resolved to approve the following:-

1. Listing and quotation of up to 668,885,366 new ordinary shares to be issued pursuant to the Proposed Rights Issue with Warrants;

2. Admission to the Official List and listing and quotation of up to 668,885,366 Warrants to be issued pursuant to the Proposed Rights Issue with Warrants; and

3. Listing and quotation of up to 668,885,366 new ordinary shares to be issued arising from the exercise of the Warrants.

The approval granted by Bursa Securities is subject to the following conditions:-

1. Mudajaya and UOBKH must fully comply with the relevant provisions under the Main Market Listing Requirements of Bursa Securities (“Listing Requirements”) pertaining to the implementation of the Proposed Rights Issue with Warrants;

2. Mudajaya and UOBKH to inform Bursa Securities upon the completion of the Proposed Rights Issue with Warrants;

3. Mudajaya and UOBKH to furnish Bursa Securities with a written confirmation of its compliance with the terms and conditions of Bursa Securities’ approval once the Proposed Rights Issue with Warrants is completed;

4. Mudajaya and UOBKH must ensure full compliance with the public security holding spread requirement of at least 25% pursuant to Paragraph 8.02 of the Listing Requirements, upon the listing and quotation of the Rights Shares; and

5. Mudajaya to furnish Bursa Securities on a quarterly basis a summary of the total number of new ordinary shares listed pursuant to the exercise of Warrants as at the end of each quarter together with a detailed computation of the listing fees payable.

 

This announcement is dated 4 May 2021.






Announcement Info

Company Name MUDAJAYA GROUP BERHAD
Stock Name MUDAJYA
Date Announced 04 May 2021
Category General Announcement for PLC
Reference Number GA1-04052021-00107




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